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Rising oil prices buoy US markets; Satyam slumps 15%

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 9:33 PM IST

US markets edged up as an increasing oil and other commodity prices boosted shares of natural resources companies. The Dow added 74 points to 8,749. The Nasdaq gained 24 points (1.5%) at 1,850.

Indian ADRs also ended in the green.

Tata Communications soared 10% to $21.19. ICICI Bank surged 7% to $32.19.

MTNL and Dr Reddy's rallied 4% each to $5.02 and $13.67, respectively. HDFC Bank gained 3% at $102.03.

Patni Computers and Genpact added 2.5% each $10.69 and $10.98, respectively. Infosys and Wipro advanced 1% each.

Tata Motors was flat at $10.34.

However, Satyam plunged 15%, ending its three day winning streak, to $2.86. Sterlite slipped 1% to $14.

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First Published: Jun 05 2009 | 8:17 AM IST

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